There are three dashboard types: Strategic for long-term goals, Operational for real-time performance tracking, and Analytical for data analysis and predictions, often used by data scientists.
The differentiation between Data-Driven and Data-Inspired Decision Making to successfully Navigating the Balance for Effective Business Strategy
In an ever-changing business environment, asking the right questions is crucial for sparking innovation and making data-driven decisions. SMART questions—Specific, Measurable, Action-oriented, Relevant, and Time-bound—help ensure that data analysis is effective and targeted. Avoiding vague, leading, and closed-ended questions enhances the quality of insights gathered. The right approach to questioning can transform data into actionable insights, tailored to various fields like retail, education, and small businesses.
